Delta Air to earn an adjusted $1.1 billion in 2011

ChristopherHinton

WASHINGTON (MarketWatch) -- Delta Air Lines
DAL, +0.62%
said Wednesday it expects to earn $800 million in 2011, or $1.1 billion after adjusting for restructuring and loss on extinguishment of debt. Analysts surveyed by FactSet Research were looking for full-year adjusted earnings of $977 million, on average. Last year the Atlanta-based carrier said it earned $1.44 billion, on an adjusted basis. Looking ahead, Delta forecast "solid" earnings growth for 2012 and continued free cash flow generation with the help of additional seat capacity cuts and greater corporate travel demand, according to a government filing. Shares of Delta rose more than 2% in early trading to $8.18 each.

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